1. ) LOW CHENG TEIK 2. ) LOW HOCK BOON 3. ) LAW SEE YOONG 4. ) SNE MARKETING SDN BHD v LOW EAN NEE

02f-30-04-2023w Federal Court (Mahkamah Persekutuan) 27 August 2024 • 02(f)-30-04/2023(W)

Catchwords

whether a shareholder’s complaint is actionable by way of an oppression action or a derivative action the distinction between an oppression action and a derivative action the historical origins of oppression actions and derivative actiond the rule against reflective loss Section 346 and Section 347 Companies Act 2016 the proper plaintiff rule the majority rule principle

Judges (3)

Amar Abang Iskandar bin Abang Hashim Coram Nallini Pathmanathan Coram Tengku Maimun binti Tuan Mat Delivered

Parties (5)

SNE MARKETING Sdn Bhd Appellant Law See Yoong Appellant Low Cheng Teik Appellant Low Ean Nee Respondent Low Hock Boon Appellant

Case Significance

1. ) LOW CHENG TEIK 2. ) LOW HOCK BOON 3. ) LAW SEE YOONG 4. ) SNE MARKETING ... is a Federal Court (Mahkamah Persekutuan) decision dated August 27, 2024 (citation: 02f-30-04-2023w). The panel comprised Amar Abang Iskandar bin Abang Hashim, Nallini Pathmanathan and Tengku Maimun binti Tuan Mat, with Tengku Maimun binti Tuan Mat delivering the judgment.

Key issues: whether a shareholder’s complaint is actionable by way of an oppression action or a derivative action.

What was the outcome of 1. ) LOW CHENG TEIK 2. ) LOW HOCK BOON 3. ) LAW SEE YOONG 4. ) SNE MARKETING ...?

1. ) LOW CHENG TEIK 2. ) LOW HOCK BOON 3. ) LAW SEE YOONG 4. ) SNE MARKETING ... is a Federal Court decision dated August 27, 2024. The case was heard by Amar Abang Iskandar bin Abang Hashim. See the full judgment for details.

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (02f-30-04-2023w)